Benefits of quality, Project Management

Benefits of quality

The benefits of quality in project performance are:

  • Customer satisfaction: is the result of a quality product or project. If customers requirements or expectations are meet, the customer not only accepts the results without any ill feeling, but will return back for additional work, when need arises. They may refer new customers. .
  • Cost reduction: Another benefit is reduction in costs. Quality processes can reduce wastes, improve efficiency and supplies which results in the project costing less than planned. As costs decrease, profits increase.
  • Increased competitiveness: Quality products and services, better project performance and reduced cost directly results in increased competitiveness in the global market-place.
  • Fulfillment of social and economic responsibilities: Competitiveness increases profit effecting global economy and gives an opportunity to employ more people a social responsibility.
  • More number of jobs: W. Edwards Deming rightly stated "Improve quality, reduce costs, improve productivity, capture the market, stay in business, provide more jobs" .
Posted Date: 9/28/2012 6:46:07 AM | Location : United States

Related Discussions:- Benefits of quality, Assignment Help, Ask Question on Benefits of quality, Get Answer, Expert's Help, Benefits of quality Discussions

Write discussion on Benefits of quality
Your posts are moderated
Related Questions
Project risk custodians  The quality risk function is carried out by the project risk custodians. The responsibility of project risk custodians is to:    Integrate all po

Ask question #Miniwhat circumstances that favor turn key contracts mum 100 words accepted#

G raphs The purpose of graphs is to organise, summarise and display data. The different types of graphs are line graphs, bar graphs, and circle graphs. The steps involved in p

What is the principle of parity of authority and responsibility? The principle of parity of authority and responsibility states which in delegating; managers should match the r

T has recently been appointed as the new Chief Executive of PV Company which manufactures cosmetics and toiletries. She has spent the first three months meeting with her senior man

For this unit (Computer Project), you are required to plan, analyse, design, implement, test, document and demonstrate a prototype of your choice.  Once you have identified a fo

Factor Affecting Process Planning - Choice of Plant Layout While deciding the sequence of operations the plant layout is to be taken into consideration. The sequence of operat

BARRIERS TO IMPLEMENTING TQM: The implementation of TQM in library organisations provides an opportunity to update and enhance the abilities of the staff to work effectively,

The followings is a list of some of the common pitfalls to avoid if an organization is considering implementing quality by design: 1. Team members should be assigned to

Question 1: Describe Total Quality Management. What are the Costs involved with respect to ‘Quality'? Cost of Quality Meaning of TQM Quality Control Costs